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Nov 30, 2012
11/12
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so boehner has said he would accept a tax increase of $800. the white house plan is asking for $1.6 trillion, which is double that. why did president obama put forth such an aggressive plan, as many are calling it? this is really a serious offer. >> first of all i'd like our republican friends to stop a war on the working people of america. that is what the ultimate nonaction will impact. i think the president has made it very clear that he is responding to the affirmation of his position on november 6th, 2012. but he is not in any way hesitant to negotiate. $2.4 trillion were the bush tax cuts that resulted in this enormous deficit, because in the 199os, we had a $5.6 trillion surplus. what the president is trying to do is to give relief to working people, and as well provide revenue to continue to support the needs of this nation. such as mayor bloomberg, who's just come to washington and asked for an enormous amount of money, rightly so, to help those who've been victims of hurricane sandy. so the president is not in any way suggesting that
so boehner has said he would accept a tax increase of $800. the white house plan is asking for $1.6 trillion, which is double that. why did president obama put forth such an aggressive plan, as many are calling it? this is really a serious offer. >> first of all i'd like our republican friends to stop a war on the working people of america. that is what the ultimate nonaction will impact. i think the president has made it very clear that he is responding to the affirmation of his position...
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Dec 7, 2012
12/12
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CNBC
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boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i've heard you make the bold case for conservatism on this show. we should advocate for what worked with ronald reagan. guess what? our economy took off. we got 20 million jobs and youth unemployment dropped 43%. and revenues doubled. >> that's not the issue. >> yes, it is. >> that's not john boehner's issue. john boehner didn't lose the presidency, my friend. and don't forget that. and by the way, conservatives did not win the presidency and conservatives did not win the senate. it was a lousy year. and you have to deal with that. and let me add one thing. i am a flat tax supply sider and i worked for ronald reagan. reagan compromised. he compromised in 1982 over a lousy deal which he regretted. he compromised in 1983 over a very good social security fix. and then he compromised again in 1986 over a very good
boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i've heard you make the bold case for conservatism on this show. we should advocate for what worked with ronald reagan. guess what? our economy took off. we got 20 million jobs and youth unemployment...
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Dec 5, 2012
12/12
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jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of americans are asking the wealthy to pay more. >> reporter: a "the washington post" poll say 53% of americans will blame republicans and 29% would hold the president responsible if the nation goes over the fiscal cliff. the two sides appear close to an agreement on little things. it could lead to higher airline ticket prices and no more mail delivery on saturday. >> oh, boy. susan mcginnis in washington this morning. susan, thank you s
jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are...
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Dec 5, 2012
12/12
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the serious negotiations and that president -- the president has put forth an offer and speaker john boehner has put forth that offer. the fact that this is rejected is to be expected but it is testing ground. we have seen that between them have gone through this process. i believe we will get there. both sides so that we cannot win are refusing to compromise. we both have our right to be here and we have countered with some revenue in places. we want to see what the president will do in terms of cuts. where are concerned about the deficit. i believe we will get there. i really do. >> you are a perennial optimist. you make everything seem sunny. we are at a stalemate. republicans do not want to raise taxes and democrats to know what to -- do not want to cut spending. >> the president has the political upper hand. if nothing happens, the tax rates do expire as is and they go up and the sequestration of takes place. he can vote -- publicly blame that on republicans to. he would have the upper hand. policy-wise east as -- he has to combat and ask for an increase in the debt ceiling. he knows th
the serious negotiations and that president -- the president has put forth an offer and speaker john boehner has put forth that offer. the fact that this is rejected is to be expected but it is testing ground. we have seen that between them have gone through this process. i believe we will get there. both sides so that we cannot win are refusing to compromise. we both have our right to be here and we have countered with some revenue in places. we want to see what the president will do in terms...
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Nov 30, 2012
11/12
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including, in my opinion, john boehner. however, we ought not to hold hostage middle-class tax cuts, and that's what you're talking about, tom cole, that wasn't a question of compromise, it was simply to say, look, we all agree that middle-class tax rates ought not to get a tax increase on january 1st. not good for them. not good for the economy. we'll pass that. the senate's passed a bipartisan bill that called for that. tom cole the former chairman of the republican campaign committee in the house of representatives said just earlier this week we'll all pass that. i agree with him. secondly, the republicans have agreed that we need to have some sort of balance, more and more republicans are saying we need to have revenues. you cannot do it simply with cutting spending. thirdly, i don't think that anybody wants to hurt the vulnerable in america. >> no, i think -- but the question, the question here is, is on the issue of taxes for instance. the president proposed tax cuts -- i'm sorry tax increases that went beyond what th
including, in my opinion, john boehner. however, we ought not to hold hostage middle-class tax cuts, and that's what you're talking about, tom cole, that wasn't a question of compromise, it was simply to say, look, we all agree that middle-class tax rates ought not to get a tax increase on january 1st. not good for them. not good for the economy. we'll pass that. the senate's passed a bipartisan bill that called for that. tom cole the former chairman of the republican campaign committee in the...
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Dec 4, 2012
12/12
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they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal seriously enough to offer a counterpropsal so the white house believes the ball is still in the republicans' court. >>shepard: but speaker boehner has moved, if shiply and if for the first time in public but he has moved. >>reporter: he has. he is not willing yet, not yet, anyway, willing to raise tax rates. in speaker boehner's proposal he put revenue, tax revenue of $800 billion on the table. you her the white house said this was not enough detail but they say in the republican side it would be from limiting deductions and republican leader said this. >> republicans have move add great deal. who was the first person right after the election, the speaker went down and provided revenue. we had not heard that before. when has the president offered
they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal seriously enough to offer a counterpropsal so the white house believes the ball is still in the republicans' court. >>shepard: but speaker boehner has moved, if shiply...
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Dec 1, 2012
12/12
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CNNW
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john boehner was. congress' approval ratings seemed to go up because everybody seems so conciliatory. is this going to get done? >> i very rarely admit that i was wrong, but i'm starting to get worried that maybe i was wrong. that these sides are further apart now than they were two weeks ago, which is hard to believe. i think this is going to get done. i don't think we're going to go over the fiscal cliff. republicans have put some proposals on the table moving in barack obama's direction. i don't know exactly what the game that tim geithner was playing yesterday. not only, and thank you, erin, for getting some of this math right. the president said 2.5 for every tax increase and yesterday he came up with $4 of new taxes for every dollar of spending cuts. that's when john boehner simply said we're nowhere. >> ethan, don't the republicans if they want to break this stalemate, maybe what the president's doing is saying these are the cuts i want to make, so guys, why don't you come up with the rest? >> i
john boehner was. congress' approval ratings seemed to go up because everybody seems so conciliatory. is this going to get done? >> i very rarely admit that i was wrong, but i'm starting to get worried that maybe i was wrong. that these sides are further apart now than they were two weeks ago, which is hard to believe. i think this is going to get done. i don't think we're going to go over the fiscal cliff. republicans have put some proposals on the table moving in barack obama's...
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Nov 29, 2012
11/12
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CURRENT
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boehner won't do it. why won't boehner do it because boehner says that still says -- he's just dead ass wrong he still says that raising taxes on the wealthiest of americans on the 2% would cost -- would kill jobs and kill the economy and we know from the eight years under bill clinton proven just the opposite. in the eight years under george bush proven when you do give tax cuts to the rich, the economy doesn't soar, it sinks. president obama finally part of their campaign yesterday always very clever. obama operation. they came up with a way for all americans to be able to sound off on this issue. he noted that if the tax cuts on the middle class on the 98% do go up, middle class americans will pay $2,000 more in taxes every year. that means $2,000 out of your pocket so the president's asking people to tell members of congress what that -- what you could do with that $2,000. what that $2,000 would mean to you and they're sending -- asking people to send their stories to their member of congress. republi
boehner won't do it. why won't boehner do it because boehner says that still says -- he's just dead ass wrong he still says that raising taxes on the wealthiest of americans on the 2% would cost -- would kill jobs and kill the economy and we know from the eight years under bill clinton proven just the opposite. in the eight years under george bush proven when you do give tax cuts to the rich, the economy doesn't soar, it sinks. president obama finally part of their campaign yesterday always...
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Dec 1, 2012
12/12
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forward the boehner plan. not the dobbs plan. the boehner plan. >> bill: specifically say this is what we have to cut? >> this is what we have to do. we have to raise the retirement age in this country. for social security. we have to raise the retirement age for medicare. we have to get serious as they did in 1993 under a democratic president, president bill clinton and say this is the target. $500 billion a year in reduced deficit. and we're going to get there. >> bill: 500 billion a year you would reduce. >> absolutely. >> bill: i would double that i would do a trillion. >> you can't quite get there i think you can get. >> bill: what if i sold rhode island then i could probably get that. [ laughter ] >> bill: chinese would buy it? >> is chafee still going to be government after you sell it. >> bill: who cares. >> he is damaged goods after you took care of him last night. >> bill: i'm trying for a trillion dollars to cut the debt every year. not the deficit. the debt. i'm trying to get enough money in here s
forward the boehner plan. not the dobbs plan. the boehner plan. >> bill: specifically say this is what we have to cut? >> this is what we have to do. we have to raise the retirement age in this country. for social security. we have to raise the retirement age for medicare. we have to get serious as they did in 1993 under a democratic president, president bill clinton and say this is the target. $500 billion a year in reduced deficit. and we're going to get there. >> bill: 500...
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Dec 1, 2012
12/12
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boehner, like geithner, leapt to the extreme. republicans, the best response to a nonstarter could be to put a real thoughtful compromise deal on the table. an alternative and as for mr. geithner, he wasn't alone either. remember, mr. president, the promise you made during the campaign? >> $2.50 for every cut, we ask for a dollar of additional revenue. >> that means you'd neen $4 trillion in spending cut to match, but you only offered 400 billion, which of course is $3.6 trillion short before you even get to the stimulus plan and other spending items. ethan pollak, steven moore, you guys ready the play? >> sure. >> we are. >> i know you spoke to our producer today and he seems to think nobody can beat him at this game. the best in the world. steven, a few weeks ago, you were optimistic. congress' approval ratings seemed to go up because everybody seems so conciliatory. is this going to get done? >> i very rarely admit that i was wrong, but i'm starting to get worried that maybe i was wrong. that these sides are further apart now
boehner, like geithner, leapt to the extreme. republicans, the best response to a nonstarter could be to put a real thoughtful compromise deal on the table. an alternative and as for mr. geithner, he wasn't alone either. remember, mr. president, the promise you made during the campaign? >> $2.50 for every cut, we ask for a dollar of additional revenue. >> that means you'd neen $4 trillion in spending cut to match, but you only offered 400 billion, which of course is $3.6 trillion...
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Dec 1, 2012
12/12
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. >> a stalemate, said speaker boehner, and the clock is ticking. meanwhile, the president hosts more ceos this week. here at the white house, he's got governors in and he's going to continue his public campaign to pressure house republicans. >> joe and minka are with us now for this regular cup of "weekend mojo." good to see you both. >> good to be back. >> good to be here. >> you were saying this proposal is a nonstarter. if it's a snnonstarter, why not put something that's a starter? >> minka said i always give lousy first offers when i'm buying a condominium, but the problem is we're so close to the fiscal cliff that you wonder why the president and the white house did what they did. not because they didn't have a right to start there and play hardball, but because john boehner is balancing. republicans say they will never, ever, ever vote for a tax increase, and those who say okay, well, let's make a deal. and i just think the president, by starting with a proposal that even "the wall street journal" said was provocative, maybe not the best fir
. >> a stalemate, said speaker boehner, and the clock is ticking. meanwhile, the president hosts more ceos this week. here at the white house, he's got governors in and he's going to continue his public campaign to pressure house republicans. >> joe and minka are with us now for this regular cup of "weekend mojo." good to see you both. >> good to be back. >> good to be here. >> you were saying this proposal is a nonstarter. if it's a snnonstarter, why not...
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republicans won't bend on that yesterday, john boehner said, we are at a stalemate. this is posturing. this is washington. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> you, too. >>> now, to the star college basketball players accused of abusing their position as big men on campus. they're facing burglary charges for allegedly stealing thousands of dollars of stuff from their fellow students. and abc's john muller is covering the story. john? >> reporter: good morning, dan. hofstra students say iphones, computers and cash has been disappearing from their dormrooms all semester. one used an app to find their iphone. now, four players from the division i basketball team are under arrest. faces, covered in shame. hiding tears as they leave a long island courthouse. another man, pushing and even taking swings at a cameraman as he storms out of court. they are the stunned loved ones of four hofstra university basketball players, charged friday with stealing an estimated $20,000 in cash and items f
republicans won't bend on that yesterday, john boehner said, we are at a stalemate. this is posturing. this is washington. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> you, too. >>> now, to the star college basketball players accused of abusing their position as big men on campus. they're facing burglary charges for allegedly stealing thousands of dollars of stuff from their fellow students. and...
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Dec 3, 2012
12/12
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. >>> in washington, house speaker john boehner says republicans and democrats are at a stalemate again in negotiations to avoid the "fiscal cliff." susan mcginnis reports, key players took to the sunday talk shows to make their stances known. >>> reporter: the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. treasury secretary timothy geithner was here on capitol hill last week to present the president's plan to congress. >> i was flabbergasted. you can't be serious! >> reporter: president obama wants $1.6 trillion on the rich, $400 billion in cuts to entitlement programs and billions in more spending. >> reporter: mitch mcconnell laughed at geithner during their meeting last week. now geithner says if republicans don't like the plan, it's up to them to present their own ideas. >> what we can't
. >>> in washington, house speaker john boehner says republicans and democrats are at a stalemate again in negotiations to avoid the "fiscal cliff." susan mcginnis reports, key players took to the sunday talk shows to make their stances known. >>> reporter: the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will...
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Nov 29, 2012
11/12
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they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make more money. democrats want it to come from increased tax rates on the rich, republicans would prefer to make that extra money by reforming the tax code and entitlements. bill:
they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt...
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Nov 29, 2012
11/12
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if you listen to speaker boehner what happen was geithner earlier came up before christmas but was not bearing any gifts in the form of a specific list of spending cuts that republicans want. speaker boehner said he thinks it is going nowhere. >> i am disappointed in where we are and disappointed in what has happened over the last couple of weeks. going over the fiscal cliff is serious business. i am here seriously trying to reresolve it. >>reporter: a lot of people wonder if speaker boehner is trying to show he is fighting against some of the tax changes and he will come along to a deal. vice president biden went to a costco in washington, today, proclaimed himself optimistic there will be a deal and bought a big screen tv and and an apple pie. >>shepard: you mention speaker boehner and the fact is there is a group if his party, the conservative part that doesn't want him to act like he is moving and that is who he is talking to today? >>reporter: they want him to dig in. they want him to completely resist essentially going back to the old clinton administration tax rates of 39.6 perc
if you listen to speaker boehner what happen was geithner earlier came up before christmas but was not bearing any gifts in the form of a specific list of spending cuts that republicans want. speaker boehner said he thinks it is going nowhere. >> i am disappointed in where we are and disappointed in what has happened over the last couple of weeks. going over the fiscal cliff is serious business. i am here seriously trying to reresolve it. >>reporter: a lot of people wonder if...
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we heard from speaker john boehner. we heard from president obama also. we now have a republican from utah joining the discussion. i want to ask you here, and the time we have, what is going on inside of your party. speaker boehner is giving away too much, the tax hikes, 800 billion, only half of what president obama has on the table. still, too much for republicans to be in favor of. >> we want to solve the problem. i am proud of what speaker boehner is doing. there are 535 members in the house and the senate. we have to solve this problem. what i like about what speaker boehner is doing, he is at the table trying to get this done. connell: you are behind your speaker is basically what i am hearing. >> absolutely. he does not want to raise rates. we have to get serious. what i have not heard from the president any details on how he would actually cut spending. connell: say if the president were to come up and say i am going to cut into medicare, you know, i don't know if they double it, but they come up with a lot more in the medicare cuts, are you prepa
we heard from speaker john boehner. we heard from president obama also. we now have a republican from utah joining the discussion. i want to ask you here, and the time we have, what is going on inside of your party. speaker boehner is giving away too much, the tax hikes, 800 billion, only half of what president obama has on the table. still, too much for republicans to be in favor of. >> we want to solve the problem. i am proud of what speaker boehner is doing. there are 535 members in...
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Dec 3, 2012
12/12
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CURRENT
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john boehner. who probably now has earned the titles of the worst speaker certainly in our lifetime if not the worst speaker ever in the history of the house of representatives. the guy is just a totals total loser. look. here is where things stand. right? it's not complicated. president obama, we've got this big debt crisis. president obama, two things -- number 1, months ago, he put out a detailed plan. it's in print, and it's online, of how to resolve this fiscal crisis. no. 2, the republicans said we are not going to deal with it. we will take seven weeks off. we will have an election and let the people decide. president obama went out in front of the american people. there was one issue, the central issue. it wasn't the war in iraq iran's nuclear possibility of iran getting nuclear weapons it wasn't peace in the middle east. it wasn't immigration reform. the number 1 was issue was president obama said very clear, we want the wealthiest two percents of americans to pay more in tax after having
john boehner. who probably now has earned the titles of the worst speaker certainly in our lifetime if not the worst speaker ever in the history of the house of representatives. the guy is just a totals total loser. look. here is where things stand. right? it's not complicated. president obama, we've got this big debt crisis. president obama, two things -- number 1, months ago, he put out a detailed plan. it's in print, and it's online, of how to resolve this fiscal crisis. no. 2, the...
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john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline right now and there's a lot of supply of oil, you still have to worry about the concerns about the middle east heating up. going into a weekend i'm amazed we're not getting more of a rally off of that. back to you melissa and adam. melissa: that's a great point. phil flynn, thanks so much. adam: we have breaking news right now and this is of verying ford. ford is recalling 19,000 of 2013 fusion sedans for another -- this is the second recall for this vehicle according to "the wall street journal" here's the issue. it has to do with a codin
john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline...
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Dec 5, 2012
12/12
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boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a temporary solution he's not willing to support. >> republicans should not be conceding the federal government needs more money. >> reporter: we will be hearing from democrats shortly. minority leader nancy pelosi is holding a news conference. we'll have that for you during our next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> a los angeles area fire house is under fire for letting an exdeny letting an exercise company shoot a racy video inside its station. the video by hoopnautic.com shows a scantily dressed woman dancing around. the station was also in trouble last year for allowing some fire trucks to be used in a porn movie. >> san francisco police are using a new tool to help solve crime. the public can help use
boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a temporary solution he's not willing to support. >> republicans should not be conceding the federal government needs more money. >> reporter: we will...
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Nov 30, 2012
11/12
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speaker boehner says he is waiting to see those. >>shepard: a lot of the president's base criticized him in their mind from negotiating from a point of weakness. a lot of that, he could be going for that base, they have a long way to go before republicans will play. >>guest: they do. talking of the political bases on the conservative side, there is a lost treasure on speaker boehner to not give in on what is the holy grill for them, which is not raising tax rates. so speaker boehner reiterated today that he would be willing to wipe out some deductions and make other tax changes but he wants to lower rates. not race rates the he had choice words for the president. >> i took a great risk. the white house spent three weeks frying to develop a proposal, with one up here that calls for $1.6 trillion in new taxes. calls for not even $400 billion in cuts. and they want to have this extra spending that is actually greater than the amount they are willing to cut. it was not a serious proposal. so right now we are almost nowhere. >>reporter:
speaker boehner says he is waiting to see those. >>shepard: a lot of the president's base criticized him in their mind from negotiating from a point of weakness. a lot of that, he could be going for that base, they have a long way to go before republicans will play. >>guest: they do. talking of the political bases on the conservative side, there is a lost treasure on speaker boehner to not give in on what is the holy grill for them, which is not raising tax rates. so speaker boehner...
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Dec 1, 2012
12/12
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boehner has hinted that republicans might raise half of that, $800 billion, but only by reducing tax loopholes. >> getting rid of special interest deductions and not raising rates we think is better for the economy, pure and ecole. >> reporter: there is also a gap on spending cuts. yemocrats say they've already agreed to cut one trillion dollars from future spending, republicans, including majority leader eric cantor, responded with this: >> all of a sudden they're asking for $1.6 trillion in tax hikes and nowhere near that number in spending reforms. >> reporter: democrats are angling to raise taxes on the rich now and negotiate tax reform and spending cuts later. house minority leader nancy anlosi said the republican hard line is softening behind the scenes. >> i do know that many of the members there that they are ready to vote for middle income tax cut. >> reporter: both sides admit they have to make compromises in order to cut a deal. but, scott, what's happening isght now is that both sides are playing the clock hoping the pressure builds on the other side to compromise first.
boehner has hinted that republicans might raise half of that, $800 billion, but only by reducing tax loopholes. >> getting rid of special interest deductions and not raising rates we think is better for the economy, pure and ecole. >> reporter: there is also a gap on spending cuts. yemocrats say they've already agreed to cut one trillion dollars from future spending, republicans, including majority leader eric cantor, responded with this: >> all of a sudden they're asking for...
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it's not so easy says house speaker john boehner. if congress acts now to block tax hikes for 98% of americans, lawmakers can go home for the holidays, and on january 1st tax rates would rise automatically on the top 2%. >>> and yahoo ceo marissa mayer is meeting with president obama to discuss the fiscal cliff. we just got a picture from the white house. you can see mayer just barely there on the right-hand side -- on the left-hand side of the picture, bottom left-hand corner. she joined more than a dozen other business leaders at the white house today. mayer is also making headlines for her speech to an invite only crowd in palo alto last night. she said she juggles her priorities listing god, family and yahoo. adding, quote, the baby's been way easier than everyone made it out to be. so those have been the two really terrific surprises. the kid has been easier, and the job has been fun. >>> for the second straight day, heroic actions saved lives from a burning vehicle. the good samaritan in this case jesus hernandez saw an rv on f
it's not so easy says house speaker john boehner. if congress acts now to block tax hikes for 98% of americans, lawmakers can go home for the holidays, and on january 1st tax rates would rise automatically on the top 2%. >>> and yahoo ceo marissa mayer is meeting with president obama to discuss the fiscal cliff. we just got a picture from the white house. you can see mayer just barely there on the right-hand side -- on the left-hand side of the picture, bottom left-hand corner. she...
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boehner and cantor and mr. mccarty of the republican leadership whether they are under pressure from contractors to say we got to do a deal. once you walk in to a negotiation. you are disadvantage. and that is it visible for the democratings . what the democrats are doing and i might have done it when i was younger grab the republicans by the head and say we will rub your noses and rub it in there for a while and for their own dignity >> what does this have to do with the fact that the republican party is it going through soul searching after the election and trying to find perhaps a way to remake itself. to be more appealing to the constitients. >> i think the republican party is in a defining moment. some say we have to give up on immigration that is not helping with hispanics and we can't have the social issues going on. but one thing that holds the party together and brings us all together. et cetera, is the fact that we stand for smaller government and less taxes. we believe the private sector is the way t
boehner and cantor and mr. mccarty of the republican leadership whether they are under pressure from contractors to say we got to do a deal. once you walk in to a negotiation. you are disadvantage. and that is it visible for the democratings . what the democrats are doing and i might have done it when i was younger grab the republicans by the head and say we will rub your noses and rub it in there for a while and for their own dignity >> what does this have to do with the fact that the...
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is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as disappointed as the speaker is right now. i understand some of his problem with this. but the fact of the matter is the american people ended elections on november 6th, voiced their approval of president obama's approach to this. over 3 million more people voted for him than voted for mr. romney. and then if you look at house democr democrats. only 201 of us got eelected. that means the rest were republicans. >> i understand that. >> but over 500,000 more votes than they got -- >> with all due respect, representative, we understand that the president won and you feel that democrats won. but is the speaker right? has progress been nil on the talks for two weeks? >> well, i don't know what's been happening for two weeks. i have not been in the meetings. i do know this. when we passed the budget control act, we cut $1.5 trillion. all cuts. another
is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as disappointed as the speaker is right now. i understand some of his problem with this. but the fact of the matter is the american people ended elections on november 6th, voiced their approval of president obama's approach to this. over 3 million more people voted for him than voted for mr. romney. and then if you...
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speaker boehner's decision to finally a woman. diane says, he must have looked through one of mitt's binders of women. that's a good one. and linda said, if women were in charge of all of the committees, they might be able to get something done. we'll have a lot more on boehner's new chairman. but, first, we want to hear what you think. please head over to facebook and search "politicsnation" and "like" us to keep the conversation going long after the show ends. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about t
speaker boehner's decision to finally a woman. diane says, he must have looked through one of mitt's binders of women. that's a good one. and linda said, if women were in charge of all of the committees, they might be able to get something done. we'll have a lot more on boehner's new chairman. but, first, we want to hear what you think. please head over to facebook and search "politicsnation" and "like" us to keep the conversation going long after the show ends. [ male...
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and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts coming later. and no new proposals dealing with entitlement reform. republicans say for them, a nonstarter. >> kelly o'donnell, another cold night on capitol hill. thank you. >>> and as this debate goes on, a memorial service in washington today for a long-time budget-cutting warrior, former senator warren rudman, and david suitor was among them, and former senator and white house chief of staff, howard baker, a republican from new hampshire who authored a bill that included automatic spending cuts way back in '85. warren rudman went on to found the coalition that pushed for reducing the deficit. sena
and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts...
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starting off -- or including house speaker john boehner. of course boehner will be key to moving the needle on these fiscal cliff negotiations. this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put some meat on the bones. what does that mean in terms of increasing taxes and cutting medicare. to those are some of the issues being hammered out today. >> kristen, thank you so much. so as we said, it is tim geithner's day on the hill. is this a sign that talks are being accelerating or hitting stumbling blocks? joining me now senator kent conrad. sir, great to have you here. we showed the headline at the top o
starting off -- or including house speaker john boehner. of course boehner will be key to moving the needle on these fiscal cliff negotiations. this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the...
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Dec 6, 2012
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for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in wolf blitzer on this topic. there are a couple of polls that are very telling about how americans feel about congress and the president are behaving when it comes to the fiscal cliff. let me read some of these numbers for you. should obama compromise to get things done. 72% say yes. 22% say no. should the gop compromise to get things done. and take a look. 72% say yes. my question for you, wolf, i'm not sure you'll have the answer but perhaps you'll have guidance. for those democrats who say the president has a mandate because voters voted him into office while he campaign
for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in...
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>> it has given john boehner some cover. you now have a conservativconse albeit establishment member of the house republican party who is essentially going to the left of john boehner. of course, john boehner has basically said, look, i disagree with tom cole. what has happened, we have actually seen other republicans embrace what tom cole said. mary bono mack said she'd support something tom cole is calling for, extension of the bush tax cuts for the middle class, not for the wealthiest. by having this cover john boehner could actually have the flexibility to negotiate with the white house maybe something that doesn't go as far as the white house and tom cole want, but some other kind of middle ground. something we didn't see in the 2011 negotiations over the debt ceiling. >> meanwhile john boehner is being pretty elusive about what the specifics, the details are. i want to play a little bit of what he said today at his weekly briefing. >> revenue is on the table. but revenue was only on the table if there were serious spen
>> it has given john boehner some cover. you now have a conservativconse albeit establishment member of the house republican party who is essentially going to the left of john boehner. of course, john boehner has basically said, look, i disagree with tom cole. what has happened, we have actually seen other republicans embrace what tom cole said. mary bono mack said she'd support something tom cole is calling for, extension of the bush tax cuts for the middle class, not for the wealthiest....
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i believe you will be meeting with speaker boehner later on this afternoon. what's yourrsense right now? >> well, i'm anxious to hear what speaker boehner and majority leader reid have to say to us also and see what congress's side of the issue is. but i believe the pressures will come to be they have got to find a solution. i'm here to tell you, failure is not an option. speaking for my own state and other states are similar, if we go over the fiscal cliff, it will have significant ramifications, particularly to the economy. i'm in a state that is actually has healthy growth going on economically right now and will have surplus money, growth money coming in to help us balance the budget in this upcoming fiscal year. if they go over the fiscal cliff we'll lose money. we'll have to cut programs. that is just not acceptable. i believe good people can come together and find compromise. compromise is not a dirty word. ashley: it is not. >> as governors we ought to help them get it to happen. ashley: best of luck. get that message out there. governor gary herbert
i believe you will be meeting with speaker boehner later on this afternoon. what's yourrsense right now? >> well, i'm anxious to hear what speaker boehner and majority leader reid have to say to us also and see what congress's side of the issue is. but i believe the pressures will come to be they have got to find a solution. i'm here to tell you, failure is not an option. speaking for my own state and other states are similar, if we go over the fiscal cliff, it will have significant...
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president obama and speaker john boehner are locked in a whatever words this afternoon one day after republicans rebuffed the president's first proposal to overt the so-called fiscal cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me and i don't think it's acceptable to for you republicans to hold tax cuts hostage because they don't want rates on upper folks to go up. >> john boehner scheduled a last minute news conference. fired back with this. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from th
president obama and speaker john boehner are locked in a whatever words this afternoon one day after republicans rebuffed the president's first proposal to overt the so-called fiscal cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me...
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that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2 million cars sold in november. the fact is that americans got very old fleet of cars. the average age of car now is 11 years old. it's 20% of the cars on the road are 16 years old. maybe renewing the cars is a big factor. great numbers for abercrombie and fitch, the shares are up 15%. this is a very well received set of numbers. >> you mentioned the abercrombie stuff. others are not doing well. i think i have figured out the differences between the two clothing companies. maybe it's the marketing campaign that is struggling. here's the classic abercrombie campaign. enough said. and
that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2...
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of course, some of them will be meeting with house speaker john boehner and senate majority leader harry reid. so the hope is they will put pressure on their lawmakers from their states to get a deal done. but also this is a chance for these governors to talk about the fact that what happens here with this fiscal cliff will have some real consequences, that we're not just talking about sort of these ambiguous numbers but it will impact them and why does it impact them? because according to a pew report, a third of the revenue of states comes from federal grants, and so states -- >> hey, dan, you're not going to believe this. just as you're speaking live, i'm only going to interrupt you for the governors themselves. let's listen in. >> governor beebe of arkansas, we are three democrats and three republicans. we just had what i would say was a very good meeting with the president. we came in part to make sure that the voices and the issues that we face as governors in the states are heard and are considered as part of the discussions going on here in washington. the president was very open
of course, some of them will be meeting with house speaker john boehner and senate majority leader harry reid. so the hope is they will put pressure on their lawmakers from their states to get a deal done. but also this is a chance for these governors to talk about the fact that what happens here with this fiscal cliff will have some real consequences, that we're not just talking about sort of these ambiguous numbers but it will impact them and why does it impact them? because according to a...
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john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the united states goes over the proverbial fiscal cliff. and that's why president obama has an advantage, because he's willing -- he says, this is what he and his advisers say, he's willing to send the nation off of the fiscal cliff, letting all income tax rates to jump, spending cuts to take hold, investment income rates to jump. he's willing to do that. he thinks republicans would get the political blame. republicans, on the other hand, note that listen, the president's going to have to have another term where he's dealing with what's likely to be a deep recession as a r
john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the...
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. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on publicly. >> reporter: republicans say the president needs to meet them halfway. >> he's got to be serious. he's offered more spending, more stimulus than offering any new cuts. >> reporter: and they insist there's good reason why people making over $250,000 a year should not pay more. >> when you raise tax rates, you're impacting the small businesses that create the jobs in this country. >> reporter: the back and forth is unsettling for the nation's governors, democrats and republicans came to washington tuesday with one message. >> you've got the to come together and get this done. >> reporter: and better do it quickly because we hit the cliff in 27 days. >> the clock is ticking. tracie potts in washington. thanks. >>> overseas now where more massive anti-government protests are occurring in egypt today. the demonstrators say the rallies are a last warning to president morsi over his seizure
. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on publicly. >> reporter: republicans say the president needs to meet them halfway. >> he's got to be serious. he's offered more spending, more stimulus than offering any new cuts. >> reporter: and they insist there's good reason why people making over $250,000 a year should...
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still to come, speaker boehner set to make comments on the cliff. a big debate. doug holtz eakin and harold ford jr. will battle it out over how to solve this thing. final trades when we come back. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's sol
still to come, speaker boehner set to make comments on the cliff. a big debate. doug holtz eakin and harold ford jr. will battle it out over how to solve this thing. final trades when we come back. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares...
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congress has just ten legislative days before going off the cliff, but the president and speaker boehner have not met in 13 days and a reported phone call yesterday was described as curt. tim geithner is about to meet with each leader this morning to talk about the fiscal cliff or slope or curve. but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like. >> i'm optimistic that we can continue to work together to overt this crisis and sooner rather than later. >> we will not negotiate the end of medicare. i don't know what it is with these republicans. >> it's safer if you're on the progressive end of the political spectrum to go over the fiscal cliff than it is to agree to some of the things they're talking about. >> ruth, where do you stand, deal or no deal? >> not who deal, b
congress has just ten legislative days before going off the cliff, but the president and speaker boehner have not met in 13 days and a reported phone call yesterday was described as curt. tim geithner is about to meet with each leader this morning to talk about the fiscal cliff or slope or curve. but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are...
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john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid major proposals from the white house on spending cuts and entitlement reform. right now tim geithner is meeting with senate republican leader mitch mccoll was a key player in this, meeting at 1:00 or so with house democrattc leader nancy pelosi in the earlier first this morning with senate democratic leader harry reid. cheryl: a busy day before the treasury secretary monitoring his movements. dennis: what is the next step in the fiscal cliff talks? 30 days left to negotiate. more posturing ahead? more progress? the senior editor at fortune magazine predicts, i remember the moment in the presidential
john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid...
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please reach out to john boehner at speaker boehner on twitter. gracey saying why do republicans keep harping about entitlements. they're earned benefits. is it to satisfy some deep-seated sadistic need to starve people? allen says i have an idea! let's let speaker boehner live on my paycheck for a month. i bring home $480 every two weeks after taxes. and damian says he reached out to speaker boehner on twitter and said i told him he was wrong and bill, speaker boehner started crying. he's very sad. >> bill: i guess -- we've been asking everybody to get in touch with this office and tell them to lead or get out of the way. lead or resign because he's showing no leadership by sticking to the same old tired arguments that they were -- that we heard before november 6th. but i guess we should have warned people that -- expect him to break down. >> feelings may get hurt. >> emotional guy. >> bill: you know where he was last night man. he might be total anti-obama, unwilling to compromise, not willing to even recognize there was an election but he was a
please reach out to john boehner at speaker boehner on twitter. gracey saying why do republicans keep harping about entitlements. they're earned benefits. is it to satisfy some deep-seated sadistic need to starve people? allen says i have an idea! let's let speaker boehner live on my paycheck for a month. i bring home $480 every two weeks after taxes. and damian says he reached out to speaker boehner on twitter and said i told him he was wrong and bill, speaker boehner started crying. he's very...
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thefumes that come off of john boehner are flammable. >> should have been john boehner. >> meredith is a friend of bill. dame zirin, the nation's magazine sports editor. meredith, we want to find out what's happening, if anything, on the hill. but first, this is the "full-court press"." >> dan with the big stories of the day. >> barbara walters leaked the first name of one of this year's most fascinating people. the show airs next week on abc. it is honey booboo. >> the tlc toddlers and tiaras beauty queen will be part of the special. no word who else will be on that list. >> how dare you reveal the names. this is the biggest suspense of the year. who will barbara walters name? i could care less. >> last year kim kardashian. all three sisters. that did not go over well they said they need more serious people on the list. now you have them, honey boo-boo. >> walters jumped a sharks in 1790. >> i would like to be employed, continue to be employed. i don't have luxury of my own radio show yet. >> plenty of lawmakers have done the flood stamp challenge. mayor cory booker tweeted a photogra
thefumes that come off of john boehner are flammable. >> should have been john boehner. >> meredith is a friend of bill. dame zirin, the nation's magazine sports editor. meredith, we want to find out what's happening, if anything, on the hill. but first, this is the "full-court press"." >> dan with the big stories of the day. >> barbara walters leaked the first name of one of this year's most fascinating people. the show airs next week on abc. it is honey...
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house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley over the net. he this is a camp david-style summit might help things move around. a senate republican told greta van susteren it's time to be honest about retirement benefits. >> you and i need to pay a little more into the system because we can afford it. that is the kind of entitlement reform we need. >> reporter: that gets older americans and their groups all worked up thinking you could be messing with their benefits. jenna: a hot toeupb hot topic, and taxes. it seems they need to have some sort of increase in taxes. how does that play out. >> reporter: the statement from the white house said until
house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley...
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Nov 30, 2012
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conveyed in a 28-minute phone conversation yesterday between president obama and house speaker john boehner. both sides describe that conversation, scott, as direct and candid. those are words custom early reserved for diplomacy between sworn adversaries and tonight that might be where we are. >> pelley: major, thanks very much. now, have a look at these two pictures. president obama and mitt romney at the final debate, the last time they shook hands, until today, when the president hosted a kind of "bury the hatchet" lunch at the white house. the two men promised to work together on shared concerns if the opportunity arises. the united nations voted overwhelmingly this afternoon to recognize the palestinian territories as a state. something palestinians have as a sight. something palestinians have sought for generations, but a diplomatic setback for the u.s. and israel. th the territories on the west bank, the jordan river, and along the gaza strip are home to palestinians displaced by the war that created israel in 1948. today's vote doesn't create an independent palestine. that would hav
conveyed in a 28-minute phone conversation yesterday between president obama and house speaker john boehner. both sides describe that conversation, scott, as direct and candid. those are words custom early reserved for diplomacy between sworn adversaries and tonight that might be where we are. >> pelley: major, thanks very much. now, have a look at these two pictures. president obama and mitt romney at the final debate, the last time they shook hands, until today, when the president...
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come by without tax hikes for higher income americans and republican leaders led by house speaker john boehner calling the president's proposal essentially a waste of time. >> i was flabbergasted. >> we've the got seven weeks between election day and the end of the year, and three of those weeks have been wasted. >> steve centanni kicks off our college tonight from washington d.c. steve, where exactly do we stand tonight? >> well, harris, democrats are hoping republicans to raise taxes on the wealthy and the republicans are accusing the white house of wasting time. and saying that he didn't have a serious proposal when he reintroduced a plan to reduce 4 trillion dollars. >> the president asking for 1.6 trillion dollars worth of new revenue over ten years, twice as much as he's been asking for in public. his system spending in here that exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. >> but so far it's the only white house offer on the table, a starting point for further negotiations, one would assume, harris? >> not to sound pessimistic, but it's a
come by without tax hikes for higher income americans and republican leaders led by house speaker john boehner calling the president's proposal essentially a waste of time. >> i was flabbergasted. >> we've the got seven weeks between election day and the end of the year, and three of those weeks have been wasted. >> steve centanni kicks off our college tonight from washington d.c. steve, where exactly do we stand tonight? >> well, harris, democrats are hoping republicans...
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here's president obama, in an interview with bloomberg tv, describing house speaker john boehner's plan to avoid the fiscal cliff. >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: the speaker's plan would raise $800 billion in tax revenue. but does so without raising tax rates for top income earners. the president says that's unacceptable. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: republicans, like rising star senator marco rubio, say raising taxes on the wealthy is the wrong approach. >> the tax increases he wants would fail to make even a small dent in the debt. it would hurt middle-class businesses and the people who work for them. >> reporter: so, that's the major holdup, taxes. republicans and democrats deeply divided. >> there's nothing going on privately that's not going on public. >> reporter: amidst the political posturing, there may actually be a chance for compromise on medicare. president obama says he's open to raising the age when seniors can star
here's president obama, in an interview with bloomberg tv, describing house speaker john boehner's plan to avoid the fiscal cliff. >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: the speaker's plan would raise $800 billion in tax revenue. but does so without raising tax rates for top income earners. the president says that's unacceptable. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a...
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house speaker boehner said yesterday that he was seeing no progress in negotiations but the democrats, they don't really agree with that too much. they think the g.o.p. is ready to cave in and pass the plan that would extend the bush tax cuts for everyone except the top 2%. now, that's of course a pretty big gamble but since many republicans are calling for the same and back away from norquist's pledge, the democrats do feel like they have some pretty big leverage. that deal would just solve part of the problem and put much of the negotiations off until next year. we'll be right back. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ male announcer ]
house speaker boehner said yesterday that he was seeing no progress in negotiations but the democrats, they don't really agree with that too much. they think the g.o.p. is ready to cave in and pass the plan that would extend the bush tax cuts for everyone except the top 2%. now, that's of course a pretty big gamble but since many republicans are calling for the same and back away from norquist's pledge, the democrats do feel like they have some pretty big leverage. that deal would just solve...